BP patient needs a step that is done by beating the sugar cane ... not the package.

- The relief package is not for today, but for tomorrow. The recently announced relief package is similar to the second version of the government's Make in India scheme.

Ahmedabad. 16 May 2020, Saturday

Last date Prime Minister Modi has announced a booster dose of Rs 20 lakh crore to address other economic crises, including reviving a stagnant economy following the March 8 lockdown. The relief package was announced by the government three days after the Finance Minister and the Reserve Bank announced the relief in the initial phase of the lockdown in March. Which ranks fifth in terms of size among the relief packages introduced worldwide. In this relief package various provisions have been made for various businesses-employment as well as industries and for workers / farmers. Announcing the package, the Prime Minister hinted that the future India would stand on the five pillars of economy, infrastructure system democracy and demand.

The package focuses on small, medium and micro enterprises. Even so, these industries are playing an important role in the foundation of the country's economy. With this in mind, steps have been taken to change the definition of small and medium enterprises based on turnover. At the same time, measures have been taken to increase liquidity. These industries have been hit the hardest in the lockdown. As well as the collapse of these industries, large-scale unemployment has arisen. It is with this in mind that these industries are focused on reviving.

In the second phase of this package, along with announcing various reliefs for the poor and workers, Rs. A booster dose of Rs 50,000 crore has been announced. Then in the third phase, Rs 1 lakh crore has been allocated for farmers as well as pastoralists. Concessions have also been announced for agriculture, food processing and the fishing industry. Apart from this, other industries have also been tried to be included under this package.

On the other hand, the package includes measures to increase capital liquidity by reducing TDS and TCS by 5 per cent, as well as measures to reduce PF deduction to 10 per cent, leaving more money in the hands of employers and employers. However, no announcement has been made regarding tax payers. Only the return filing deadline has been extended. The moratorium was earlier announced by the Reserve Bank. But that has not reduced the burden of the installment. It has only been pushed back. Thus, no measures have been taken for millions of jobs in the country in this package.

On the other hand, most of the advertisements for the relief package will take some time for the real benefits to start and the real benefits will take months. The announcement for the loan has already been made. But its processing will take a long time. There is another class, including small traders, wage earners, unorganized sector workers, who are facing massive economic hardship. There is no way out of this class economic crisis. The concessions that have been announced for the agricultural sector are welcome. But it will not bring immediate relief. Some of these concessions are the same as previously discussed. So the implementation of some has started. In short all these ads are for tomorrow. There is nothing special about it today.

According to economic experts, the package announced by the Prime Minister is similar to the second version of the government's Make in India or Made in India scheme. India has laid a red carpet for companies saying goodbye to China in the wake of the Koro epidemic. Now the Prime Minister has sought the cooperation of the people of the country to take more concrete steps in this direction. Thus, the government has re-exercised to make this scheme a success through the co-operation of the people.

The package announced by the government to revive the economy, which was paralyzed by the Corona epidemic, will surely brighten tomorrow. But this is surrounded by clouds of adversity. For the immediate relief of a BP patient, it is not necessary to revive our economy in the same way as the sugar cane is beaten, but in view of the issue of speedy recovery, the sugar cane needs the same action ... otherwise the recession will not seem to prevail.